Uranium Mining News

Skyharbour to drill AREVA-backed property this summer

The action is heating up in Saskatchewan's Athabasca Basin with one of the major exploration players in the region, Skyharbour Resources (TSXV:SYH), announcing last week that its option partner Azincourt Uranium (TSXV:AAZ) will be starting a new exploration this summer.

Areva leaves Nunavut after uranium project rejection

The Kiggavik uranium project called for one underground and four open-pit mines just west of Baker Lake, and would have provided at least 400 jobs.

Argentina to pass new mining law this week

Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.

Cameco continues to explore Athabasca Basin through CanAlaska deal

Top Canadian uranium producer Cameco (TSX:CCO) has just signed an agreement with CanAlaska Uranium (TSXV:CVV) to conduct exploratory drilling at the West McArthur uranium project, 15 kilometres from its majority-owned McArthur River uranium mine.

Dozens trapped, two killed in Iranian coal mine explosion

The blast took place at a mine located in Iran's northern Golestan province on Wednesday morning.

US DoE delivers big boost to uranium price

US Dept of Energy makes huge cuts to allowable transfers of uranium this year and in 2018.

Sprott Monthly Market Update with Rick Rule: This bull market is in its infancy, a lot of money is about to be made!

Rick sees a very interesting market, which flirted with an upside breakout, that failed.

BHP puts US shale assets back on the block amid investors pressure

The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.

Sibanye Gold investors OK $2.2bn acquisition of Stillwater

Shareholders voted overwhelmingly in favour of the cash takeover, which will make the South African firm the world's No.3 palladium producer and No.4 platinum group metals miner.

Caterpillar soars as first quarter sales jump for first time in over two years

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

NexGen drill results continue expansion

Drill results from NexGen Energy's A3 Zone of the Arrow project have significantly expanded the zone to the northeast and have discovered massive pitchblende.

Strike at Escondida hurt Rio Tinto copper output

Production for the first three months of the year slumped 37% compared with the same period of 2016.

US Energy Secretary worried about coal

Rick Perry expressed concerns about the diversification of power sources and the stability of the country’s grid

Plateau Uranium announces LOI for initial uranium offtake from Peruvian project

The deal with Curzon Resources could be the first potential sale of 7% the of future production from the Macusani project

Iron ore, copper price plunge brings carnage to mining stocks

Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.

Australia ready to begin exporting uranium to India — Prime Minister

Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.

Iran foresees sharp rise in uranium production

Iran’s nuclear chief says the country will produce about 40 tonnes of uranium this year, more than half the total amount yielded over the preceding years.

U3O8 Corp. stakes the old La Niquelina uranium-cobalt-nickel mine

Mineralization was discovered at La Niquelina in 1944, with modest production from a small underground mine in the early 1950's.

Top 50 biggest mining companies

Combined worth of $842 billion with 20% gains so far in 2017.

Areva faces "uranium-gate" in Niger

French nuclear power giant Areva is reportedly cooperating with a legal enquiry by activists who say the company cheated Niger out of $3.25 million in uranium exports.

Miners to spend $21 billion on exploration by 2025

Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.

Rio Tinto may take over Pistol Bay’s uranium assets sooner than expected

The world's second largest miner gave Pistol a $75K cash injection in an effort to own the Saskatchewan-based properties before the end of 2019.

How to build a mine

There are three key components to building a mine, starting with a competent, experienced management team.

Making the grade: understanding exploration results

The most exciting news from a mining exploration stock is a high-grade drilling result.

The 5 biggest private funds investing in mining

Denver is the global capital of private capital raising for investment in the metals and mining sector.